Hello, how do you think physical assets could be quoted only in Bitcoin, and not in EUR/USD/JPY. We have recently launched a platform selling collectibles with fixed price in BTC (wecoin88.com), but many challenges are still facing us, including geographical arbitrage, price distortion, volatility, etc. It is clear that the development of derivatives contract are helping, but apart from that, how do you see physical assets being listed and traded in BTC ?
If this starts happening then bitcoins gets shuts down. Sure bitcoin works well as a speculative commodity but as soon as you start undermining national currencies, tax free, on a large scale basis, your time is up.
Also the deflationary model doesn't quite work well when it comes to fixed prices. The small number of bitcoins means that wild swings can occur very rapidly.